New York Governor Kathy Hochul unveiled the framework of a $237 billion budget that encompasses various initiatives aimed at driving new housing construction, addressing migrant influx, and cracking down on illegal marijuana shops. The budget, which is approximately two weeks behind schedule, was outlined as a 'conceptual agreement' following negotiations with state Senate and Assembly leaders.
During a press briefing at the Capitol, Governor Hochul emphasized the importance of reaching consensus before presenting the budget to the legislature for consideration. While the announcement took some lawmakers by surprise, discussions are ongoing to finalize the specifics of the spending plan.
